Mirakind

Analysis

Mirakind is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mirakind reported income of $88k and spending of $153k, spending 174% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $88k (+196%), an average of +196% a year. The sharpest change came in the year to December 2023, when income rose by 196%. Over the whole period it spent 216% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mirakind sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Truth Ministries Inc ($88k), East Bay Center for the Blind Inc ($88k) and Addiction Research Foundation ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $244k against liabilities of $261k, net assets of -$17k.